Real Estate Tran Intern at Metropolitan Transportation Authority
Metropolitan Transportation Authority · New York, United States Of America · Onsite
- Office in New York
Interns/Contingents New York, NY
Description
Department: Leasing Acquisitions, MTA Headquarters
Location: 2 Broadway, New York, NY 10004
Position Title: Real Estate Transactions, Emerging Talent Intern
Hourly Rate: $21.00 (Graduate)
OVERVIEW OF DEPARTMENT:
The Real Estate Department is responsible for (1) planning and managing the acquisition of property rights to support the MTA Capital Program, and (2) developing and implementing leasing strategies to generate revenue for the MTA and all of its operating agencies (Long Island Railroad, Metro-North Railroad, New York City Transit, and Bridges and Tunnels). We work with other MTA departments and operating units such as legal, procurement, planning, and capital construction, as well as consultants and other groups, to ensure the successful completion of all acquisition, licensing, and leasing projects.
The Real Estate Transactions Internship will provide selected candidates with the opportunity to develop their property research skills, which are critical to a wide variety of careers in real estate, including here at the MTA.
RESPONSIBILITIES:
- Search for deeds, leases, licenses, easements, and other documents internally and via publicly available resources.
- Review requests for property lines and ownership rights.
- Prepare maps and other visuals in support of responses to property inquiries.
- Draft a variety of recurring and ad hoc requests including solicitations for appraisals and title searches, and engagement and incumbent letters.
- Help prepare a variety of memoranda (including authorization memos) and deal summaries for internal review and approval by the Chief Real Estate Transactions & Operations Officer as well as the MTA Board.
- Liaison with Legal, Senior Management and other stakeholders to aggregate and circulate executable documents.
- Assist with the drafting of Requests for Proposals (RFPs) for MTA retail spaces at the MTA Headquarters, LIRR and Metro-North stations, and throughout the NYC Transit system.
- Provide support in property acquisition and condemnation processes throughout the metropolitan area (including drafting of offer letters; soliciting and reviewing appraisal reports; and attending site visits and EDPL hearings).
PROJECTS:
- Update and improve an inventory of Metro-North stations including information on ownership, parking, and retail spaces.
- Assist in the negotiation and execution of agreements for parking, greenways, and other uses.
- Prepare memos detailing requests from third parties to use Metro-North property for review by Metro-North.
REQUIRED QUALIFICATIONS:
- Proficiency in Microsoft Office Suite is a must.
- The candidate should possess organizational, analytical and communication skills.
- The candidate should be able to work well under pressure and prioritize tasks effectively.
- The candidate should have a keen eye for detail and be able to work independently while being an active team player.
- Experience with and/or interest in commercial real estate transactions.
- Detail-oriented with exceptional time management skills.
- Strong professional writing skills.
REQUIRED EDUCATION:
- Matriculated in a graduate program in good standing with at least 2.8 GPA
- Major(s) Preferred: Applicants must be currently enrolled in a graduate degree program in real estate, urban planning or a related field.
All applicants must be authorized to work in the United States at the time of application. Students’ transcript must be submitted.
Equal Employment Opportunity
MTA and its subsidiary and affiliated agencies are Equal Opportunity Employers, including with respect to veteran status and individuals with disabilities. The MTA encourages qualified applicants from diverse backgrounds, experiences, and abilities, including military service members, to apply.
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